Bartlett & CO. Wealth Management LLC Decreases Position in PepsiCo, Inc. $PEP

Key Points

• Bartlett & CO. Wealth Management reduced its PepsiCo stake by 2.2%, selling 11,600 shares and retaining 524,156 shares valued at approximately $71.0 million. Institutional investors and hedge funds collectively own 73.07% of PepsiCo.
• PepsiCo exceeded quarterly expectations with earnings of $2.20 per share and revenue of $24.18 billion, up 6.4% year over year. The company declared a quarterly dividend of $1.48 per share, equivalent to a 4.2% annualized yield.
• Analyst sentiment remains cautious: PepsiCo has an average “Hold” rating and a consensus price target of $157.90, compared with its $140.13 share price. The stock is facing softer North American demand and increased packaged-food competition.

Bartlett & CO. Wealth Management LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 524,156 shares of the company's stock after selling 11,600 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in PepsiCo were worth $70,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo during the first quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in PepsiCo during the 4th quarter worth approximately $26,000. Swiss RE Ltd. purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Atlatl Advisers LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $31,000. Finally, Imprint Wealth LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.4%

PepsiCo stock opened at $140.13 on Wednesday. The stock has a 50 day moving average of $140.10 and a two-hundred day moving average of $150.47. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. The stock has a market capitalization of $191.26 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 3.09 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.01. The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo's payout ratio is 77.59%.

Insider Transactions at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the sale, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PEP. BNP Paribas Exane lowered their target price on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating for the company in a research note on Wednesday, July 8th. Sanford C. Bernstein set a $134.00 price target on PepsiCo in a report on Friday, July 10th. Bank of America lowered their price objective on PepsiCo from $173.00 to $164.00 and set a "neutral" rating for the company in a research report on Thursday, June 25th. Royal Bank Of Canada cut their target price on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating on the stock in a research report on Friday, July 10th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of PepsiCo in a research note on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $157.90.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s status as a long-standing dividend payer continues to attract income-focused investors. Its yield is described as more than four times that of the S&P 500, providing support while the stock trades well below its 52-week high. Meet the Dividend King Stock That Yields More Than Quadruple the S&P 500
• Positive Sentiment: A reported global review of PepsiCo’s marketing operations could expand the use of artificial intelligence, potentially improving advertising efficiency, consumer targeting and cost control. PepsiCo reportedly launches global AI marketing transformation review
• Positive Sentiment: PepsiCo reported increased recycled content in its plastic packaging, a development that may improve its sustainability profile and help address regulatory and consumer pressure on packaging waste. PepsiCo reports increase in recycled content for plastic packaging
• Neutral Sentiment: Brand refreshes, new products and value offerings are intended to rebuild consumer momentum, but analysts expect any recovery to be gradual because of softer North American demand. PepsiCo's Brand Refresh: Is it Enough to Win Back Consumers?
• Negative Sentiment: Ferrero’s acquisition activity is increasing competitive pressure across packaged foods and snacks, placing PepsiCo’s brands on notice and potentially raising the need for additional investment. Ferrero's M&A moves put General Mills, Post, and PepsiCo on notice
• Negative Sentiment: Reporting that PepsiCo paid $237 million to Russia last year despite previously saying it would leave the country creates reputational, geopolitical and potential regulatory concerns. PepsiCo said it would leave Russia

PepsiCo Company Profile

PepsiCo, Inc NASDAQ: PEP is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay's, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

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